"Understanding NFT Derivatives" by Chidi favour Chinweotuto

They enable fractional ownership of digital art

They protect against copyright infringement

They provide liquidity to digital artists

They facilitate cross-border transactions

A token that represents ownership of an NFT

A unique digital artwork

A digital representation of a physical asset

A financial contract based on the value of an NFT

They are not legally binding

They are not traded on exchanges

They are not subject to market volatility

They are based on digital assets